Communication Equipment
HFCL Limited (NSE: HFCL) gains 5% intraday, nears resistance
HFCL Limited (NSE: HFCL) stock moves up 5% intraday to ₹189.47, approaching resistance at ₹190 in the Technology » Communication Equipment sector.
HFCL Limited (HFCL) gained +5% to ₹189.47 on the NSE on 17 Jun 2026. The stock is nearing resistance at ₹190, having approached this key level but not yet cleared it. This move comes as the stock transitions from bouncing from support to approaching resistance, marking a shift in its short-term trend. HFCL operates in the technology sector, specifically within communication equipment, and today’s move appears to be driven by technical factors rather than sector-wide momentum.
Technical setup — trendlines & DMA
Currently, HFCL is trading just below the 6M resistance trendline at ₹189.65, with the stock price sitting 0.10% below this level. The 6M support trendline ends at ₹194.32, which is 2.56% above the current price. The stock is notably extended, trading 39% above its 50-DMA of ₹135.8, indicating a stretched move. Despite this, the 50-DMA is above the 200-DMA of ₹87.0, suggesting a positive long-term trend. HFCL is currently in the upper third of its 52W range, 87% up from the 52W low and 9.3% below the 52W high, implying that a significant portion of the potential upside may already be priced in.
Snapshot: ₹189.47 on 2026-06-17 (chart frozen at publication)
Fundamentals & business context
With a PE of 88.7, HFCL’s valuation appears stretched given its profit margin of 6.3% and modest revenue CAGR of 1.5%. This suggests that the market may be pricing in expectations of a turnaround or future growth that the current business performance does not yet justify. Institutional ownership stands at 12.1%, indicating a cautious approach by smart money, possibly reflecting concerns over the company’s growth trajectory and profitability. There was no NSE catalyst today, making the move primarily technical in nature.
Algorithmic scorecard
The algorithmic scorecard reflects a technically strong but fundamentally weak position for HFCL. The strongest signals include the bullish trend indicated by the 50-DMA being above the 200-DMA, and the bullish sentiment shown by the stock’s performance in the last 30 days, with 18 up days versus 12 down days. These signals suggest positive momentum and accumulation. However, the weakest signals highlight significant risks, such as the low profit margin of 6.3%, which leaves little room for error, and the overvalued PEG of 73.92, indicating that the stock is expensive relative to its growth rate. These factors underscore the need for caution despite the technical strength.
Company outlook
Management provided forward-looking guidance indicating expected revenue growth of 20% to 25% in the upcoming year, with a projected 3% to 4% increase in EBITDA margin for FY27. Data centre interconnect solutions are expected to contribute about Rs.400 crore in additional revenue in FY26-27 and about Rs.800 crore in FY27-28. The execution of a $1.1 billion order from a hyperscaler is anticipated to start from Q2. Capex for FY27 is expected to be roughly about INR600 crores, and for FY28, INR350 crores. Additionally, the company plans to establish a Preform manufacturing facility with an estimated capital outlay of around ₹580 crore and a preferential issuance of warrants to promoters aggregating to approximately ₹555 crore to support the next phase of expansion.
Get all details on HFCL — P&L, peers, shareholding and more on TradeAlone.
Communication Equipment
Pace Digitek Limited (pacedigitk) Secures ₹92.9 Crore Order for BESS Supply and Commissioning Support
Pace Digitek Limited (PACEDIGITK) secures ₹92.9 crore order for BESS supply and commissioning support, boosting its BESS business and manufacturing capacity.
Pace Digitek Limited (NSE: PACEDIGITK) announced that its material subsidiary, Lineage Power Private Limited (LPPL), has received a Letter of Award from Kalpa Power Private Limited for the supply and commissioning support of a Battery Energy Storage System (BESS). The order, valued at ₹92.9 crore, is scheduled for completion by 31 December 2026. This order adds to Pace Digitek’s growing BESS business and strengthens near-term visibility for its manufacturing operations.
Scaling Manufacturing Capacity
The project will be supplied from the Company’s BESS manufacturing platform, which has recently been expanded to 5 GWh of installed capacity. Over the past year, Pace Digitek has manufactured more than 300 utility-scale BESS containers, representing approximately 1.5 GWh of battery energy storage capacity. The Company has been progressively scaling its manufacturing capabilities to address growing demand for utility-scale and Commercial & Industrial (C&I) energy storage applications.
Future Expansion Plans
The Company’s BESS manufacturing capacity has increased from 2.5 GWh to 5 GWh, with a further phased expansion towards 10 GWh targeted by the end of FY2027. The expansion is expected to provide additional capacity to support product supplies as well as the Company’s participation in integrated BESS projects. This strategic move underscores Pace Digitek’s commitment to meeting the escalating demand for energy storage solutions.
Source: NSE Corporate Announcement
Fundamental & Technical Analysis of Pace Digitek Limited
Pace Digitek Limited belongs to the Technology › Communication Equipment sector. Here’s a quick read on where the business and the stock stand today.
Pace posts a 1.0% three-month gain, but softens in the last few weeks. The PEG of 0.07 is extremely low. Either the market misses the growth story, or there is a catch worth investigating. Revenue grows at 73.9% and profits at 175.1% CAGR. Both numbers are exceptional. The stock gives back 12.9% in the last month despite a positive three-month run. As a result, the earlier momentum appears to be fading. Revenue grows at 73.9% and profits at 175.1%. The business is in good shape. Moreover, a stock that does not move despite strong fundamentals often offers better value than one already priced for perfection. Check Fundamentals of Pace Digitek Limited.
Communication Equipment
Paramount Communications Limited (paracables) Q1 FY27: Robust Start with 17.4% Revenue Growth
Paramount Communications Limited (NSE: PARACABLES) reports a robust start to FY27 with 17.4% revenue growth and a 320 bps YoY increase in operating margin.
Paramount Communications Limited (NSE: PARACABLES) announced its financial results for the quarter ended June 30, 2026, marking a robust start to FY27. The company reported a 17.4% year-over-year revenue growth, reflecting sustained demand across its key business segments. The operating margin increased by 320 basis points to 6.6%, showcasing improved operational efficiencies.
Financial Performance
The revenue from operations stood at ₹529.4 crore, down 7.7% quarter-over-quarter but up 17.4% year-over-year. Total income was ₹532.5 crore, up 13.6% YoY. The operating profit (excluding other income) was ₹347 crore, a significant 16.3% increase QoQ and 129.2% YoY. The EBITDA (including other income) was ₹37.8 crore, up 14.1% YoY.
Operational Highlights
Export revenue contributed 29.3% of total revenue, standing at ₹155 crore. The orderbook was approximately ₹615 crore as of June 30, 2026, indicating strong future demand. Working capital days improved to 96 days, down from 101 days in the previous quarter. Receivable days also improved to 64 days from 79 days QoQ.
As Paramount Communications Limited continues to expand its product capabilities and market presence, the company remains confident about maintaining its momentum through the year and creating sustainable long-term value for its stakeholders.
Source: NSE Corporate Announcement
Fundamental & Technical Analysis of Paramount Communications Limited
Paramount Communications Limited belongs to the Technology › Communication Equipment sector. Here’s a quick read on where the business and the stock stand today.
Paramount gains 16.0% over three months and trades near its 52-week highs. The PEG stands at 4.32 — severely stretched. Any earnings miss could trigger a sharp de-rating. Razor-thin margins below 5% make profitability extremely vulnerable — this business needs scale or pricing power urgently. The stock gives back 0.1% in the last month despite a positive three-month run. As a result, the earlier momentum appears to be fading. Revenue grows at 34.7% and the stock moves sideways over three months. Neither side makes a strong case. The next earnings print will likely break this stock out of its current range. Check Fundamentals of Paramount Communications Limited.
Communication Equipment
Sterlite Technologies Limited (STLTECH) breaks out, gains 5% intraday
Sterlite Technologies Limited (STLTECH) cleared its 6M resistance trendline, gaining 5% intraday to ₹651.0.
Sterlite Technologies Limited (STLTECH) breaks out with a +5% gain to ₹651.0 on the NSE on 12 Aug 2026, clearing its 6-month resistance trendline. This move is driven by technical momentum, with the stock now trading 20.9% above its previous resistance at ₹515. STLTECH, a player in the technology sector under communication equipment, has shown a company-specific surge, outperforming broader sector trends which remain mixed.
Technical setup — trendlines & DMA
The current 6-month trendline structure shows a robust breakout. The 6-month support floor stands at ₹483.67, which is 25.70% below today’s price, indicating a solid cushion. Resistance was previously at ₹515.19, which the stock has now surpassed by 20.86%. The 50-day moving average (DMA) at ₹582.5 is above the 200-DMA at ₹286.3, signaling a bullish trend. The stock is not just recovering but is extended above both moving averages, reflecting strong upward momentum. In the 52-week range of ₹84.6 to ₹679.9, the current price is in the upper third, suggesting that a significant portion of the move is already priced in, though there’s still room for further gains.
Snapshot: ₹651.00 on 2026-08-12 (chart frozen at publication)
Fundamentals & business context
With a PE ratio of 135.1, STLTECH’s valuation appears stretched, especially given its current profit margin of 4.3% and a revenue CAGR of -11.8% over the past five years. This suggests that the market might be pricing in a potential turnaround, despite the company’s recent financial performance. Institutional ownership at 18.3% indicates a cautious but present interest from smart money, though it’s not overwhelmingly bullish. There’s no NSE catalyst today, reinforcing that the move is technical rather than news-driven.
Algorithmic scorecard
The overall algorithmic scorecard reflects a technically strong but fundamentally weak position. Two of the strongest signals are the bullish trend, with the 50-DMA above the 200-DMA, and the stock’s excellent performance over the last year, up 400%. These indicate a positive technical setup and strong momentum. However, the weakest signals highlight declining revenue and profit CAGRs, coupled with low profit margins, which pose significant risks. The negligible dividend yield and the company’s unstable profit track, with two loss-making quarters detected, further underscore the fundamental challenges STLTECH faces.
Company outlook
Management has provided a positive outlook, expecting continued improvement in capacity utilization and a strong demand from hyperscalers and Neoclouds for data center capacity build-out. They aim to increase the data center and enterprise segment to 50% of revenues in the current fiscal and move EBITDA margin towards 23% as guided. Plans include investing INR 500 crores per year for the next three years in upgrading equipment and debottlenecking, and a $100 million investment over five years in a U.S. plant for connectivity solutions. These initiatives signal a strategic focus on growth segments and operational efficiency.
Get all details on STLTECH — P&L, peers, shareholding and more on TradeAlone.
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